Count Complete Years

Check this box if exits before NRA should only receive revaluations for each complete year between valuation date and date of exit. Leave the box unchecked to allow for the extra half-year revaluation to date of exit.

Exits before NRA, such as early retirement and death in deferment, are assumed to occur half-way through the year i.e. 0.5, 1.5, 2.5 years after the valuation date. By checking this box, these benefits will receive revaluations for the number of complete years only i.e. 0, 1, 2. If the box is unchecked, the benefits will receive an additional half-year of revaluation i.e. 0.5, 1.5, 2.5.

On each of the PUPs, Ind PUPS and NSPUPs Tabs you can choose to override this entry and use the other approach.